Bridgeway Capital Management LLC Raises Position in First Western Financial, Inc. (NASDAQ:MYFW)

Bridgeway Capital Management LLC grew its position in shares of First Western Financial, Inc. (NASDAQ:MYFW - Free Report) by 42.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,690 shares of the company's stock after purchasing an additional 19,775 shares during the period. Bridgeway Capital Management LLC owned about 0.69% of First Western Financial worth $1,304,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its position in shares of First Western Financial by 5.0% in the 4th quarter. Hsbc Holdings PLC now owns 14,619 shares of the company's stock worth $285,000 after purchasing an additional 696 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in First Western Financial by 244.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,259 shares of the company's stock valued at $25,000 after acquiring an additional 894 shares in the last quarter. Empowered Funds LLC lifted its position in First Western Financial by 4.9% in the 4th quarter. Empowered Funds LLC now owns 22,939 shares of the company's stock valued at $448,000 after acquiring an additional 1,080 shares in the last quarter. Rhumbline Advisers lifted its position in First Western Financial by 9.5% in the 4th quarter. Rhumbline Advisers now owns 12,623 shares of the company's stock valued at $247,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in First Western Financial by 23.2% in the 4th quarter. Wells Fargo & Company MN now owns 5,885 shares of the company's stock valued at $115,000 after acquiring an additional 1,110 shares in the last quarter. Institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

MYFW has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price target on First Western Financial from $24.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Piper Sandler upped their price objective on First Western Financial from $21.50 to $22.50 and gave the stock a "neutral" rating in a research note on Monday, April 28th. Finally, Hovde Group upped their price objective on First Western Financial from $23.00 to $24.50 and gave the stock an "outperform" rating in a research note on Monday, April 28th.

First Western Financial Stock Up 0.0%

NASDAQ MYFW traded up $0.01 on Friday, hitting $22.40. The stock had a trading volume of 32,325 shares, compared to its average volume of 27,132. The business's fifty day moving average price is $19.62 and its 200 day moving average price is $19.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.07 and a quick ratio of 1.06. First Western Financial, Inc. has a 52-week low of $15.54 and a 52-week high of $23.61. The stock has a market cap of $217.62 million, a price-to-earnings ratio of 25.67 and a beta of 0.82.

First Western Financial (NASDAQ:MYFW - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.20. The company had revenue of $24.80 million during the quarter, compared to the consensus estimate of $24.10 million. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. Equities research analysts anticipate that First Western Financial, Inc. will post 1.5 earnings per share for the current year.

Insider Activity at First Western Financial

In related news, CEO Scott C. Wylie sold 5,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $21.53, for a total transaction of $107,650.00. Following the completion of the transaction, the chief executive officer now directly owns 767,164 shares in the company, valued at $16,517,040.92. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.50% of the stock is currently owned by insiders.

First Western Financial Company Profile

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.